Pepco Holdings Inc (NASDAQ:POM) Sees Significant Decline in Short Interest

Pepco Holdings Inc (NASDAQ:POM) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 581,349 shares, a decline of 52.4% from the May 14th total of 1,220,775 shares. Based on an average daily trading volume, of 1,159,631 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Pepco Price Performance

Shares of NASDAQ:POM traded down $0.00 during trading on Monday, reaching $0.10. 605,844 shares of the stock were exchanged, compared to its average volume of 1,286,939. Pepco has a 1-year low of $0.06 and a 1-year high of $6.43. The stock has a fifty day moving average of $0.23 and a two-hundred day moving average of $0.61.

Pepco (NASDAQ:POM) last issued its earnings results on Thursday, May 14th. The utilities provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $16.40 million during the quarter.

About Pepco

Pepco Holdings LLC, formerly Pepco Holdings, Inc, is a holding company. The Company, through its utility subsidiaries, is engaged in the transmission, distribution and default supply of electricity, and the distribution and supply of natural gas. The Company’s segments include Power Delivery, Pepco Energy Services, and Corporate and Other. The Company’s subsidiaries include Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Pepco is engaged in the transmission, distribution and default supply of electricity.